The European Commission is of the opinion that Portugal's revised draft budget plan for the year 2020 shows a “risk of significant deviation” from the Stability and Growth Pact, in a specific opinion delivered on Wednesday 15 January.
In particular, the European institution is of the opinion that structural budgetary efforts will deviate “significantly” from the medium-term objective set for both 2019 and 2020. Commission calculations point to a deviation of between 0.5% and 1.3% of...